Montreux Golf & Country Club is selling its last available residential lots to upscale luxury home buyers for $2.5 million to $4.5 million.
A luxury condominium in Reno is preparing for the “final chapter” of its high-end residential real estate project as the last lots go on sale.
Montreux Golf & Country Club is selling the last 39 available lots in the southwestern Reno community as part of its Mountain Retreat project, the company confirmed to the Reno Gazette Journal. The sale is the last opportunity for interested buyers to purchase a lot in the exclusive luxury community, said Montreux President Stan Jaksick.
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“Montreux has always been more than just a place to live,” said Jaksick. “With the release of these final lots, we are offering a rare chance to be part of something truly special.”
The sale of the last lots in Montreux caps a three-decade journey that began in 1994 when Stan Jaksick and his father Sam Jaksick began building a European-inspired alpine luxury complex along the Sierra Nevada.
Since then, Montreux has developed into an exclusive luxury real estate community with 558 lots. Montreux’s amenities include a private 18-hole golf course designed by Jack Nicklaus, which opened in 1997 and hosted the PGA’s Reno/Tahoe Open Barracuda Championship for 21 years. It also features a 35,000-square-foot clubhouse with sports facilities.
The size of the remaining lots varies from one-third to over two hectares, according to Montreux. Prices range from $2.5 million to $4.5 million, with the cost of the houses varying depending on the amenities.
When asked about the impact of the final parcels on the site’s mature trees, Jaksick replied that Montreux had taken great care to preserve them.
“We saved as many trees as possible on the golf course and even designed certain holes with sample trees as part of the strategy,” Jaksick said.
“We designed the clubhouse around large, magnificent trees. We’ve lost a few over the years, but most are still there.”
Montreux expects to sell all remaining lots within the next two to three years. Bryan Drakulich, Montreux’s real estate agent, pointed to two $4 million homes held in escrow as an indicator of demand for upscale, partially custom homes in the development.
Homes in Montreux were also among the most expensive homes sold or currently being sold in Reno.
“Due to our active high-end market and the unique appeal of Montreux, we expect strong buyer interest,” said Drakulich.
